JSW Steel eyes 50% market share in coated steel area; introduces alloy
Steel

JSW Steel eyes 50% market share in coated steel area; introduces alloy

JSW Steel has set its sights on capturing 50% of the coated steel market with the introduction of zinc-magnesium-aluminium alloy coated steel. With a hefty investment of Rs 5 billion, JSW has established a capacity of 0.9 million tonnes in Karnataka and Maharashtra. This ambitious move aims to position JSW as a dominant player in the segment within a year.

The rollout of JSW Magsure, the alloy-coated steel product, marks a significant milestone for the company, making it the sole Indian manufacturer in this category. By diversifying its product range, JSW aims to reduce India's dependence on imported coated steel.

Anticipating a surge in demand, particularly from the renewable energy sector, JSW Steel is eyeing both domestic and international markets. The Indian market for zinc-magnesium-aluminium alloy coated steel has witnessed substantial growth, with projections indicating a doubling of demand in the current fiscal year.

This specialised type of galvanised steel offers enhanced corrosion protection, making it ideal for various applications, including solar installations, silos, guardrails, and AC components. Jayant Acharya, Joint Managing Director & CEO, JSW Steel, emphasised the strategic importance of JSW Magsure in fulfilling India's burgeoning needs while aligning with national goals for renewable energy and self-reliance. (Source: ET Infra)

JSW Steel has set its sights on capturing 50% of the coated steel market with the introduction of zinc-magnesium-aluminium alloy coated steel. With a hefty investment of Rs 5 billion, JSW has established a capacity of 0.9 million tonnes in Karnataka and Maharashtra. This ambitious move aims to position JSW as a dominant player in the segment within a year. The rollout of JSW Magsure, the alloy-coated steel product, marks a significant milestone for the company, making it the sole Indian manufacturer in this category. By diversifying its product range, JSW aims to reduce India's dependence on imported coated steel. Anticipating a surge in demand, particularly from the renewable energy sector, JSW Steel is eyeing both domestic and international markets. The Indian market for zinc-magnesium-aluminium alloy coated steel has witnessed substantial growth, with projections indicating a doubling of demand in the current fiscal year. This specialised type of galvanised steel offers enhanced corrosion protection, making it ideal for various applications, including solar installations, silos, guardrails, and AC components. Jayant Acharya, Joint Managing Director & CEO, JSW Steel, emphasised the strategic importance of JSW Magsure in fulfilling India's burgeoning needs while aligning with national goals for renewable energy and self-reliance. (Source: ET Infra)

Next Story
Infrastructure Urban

CONCOR Launches Double-stack Service Between NCR and Varnama

State-run Container Corporation of India (CONCOR) has launched double-stack container train services between the National Capital Region (NCR) and Varnama near Baroda. This initiative aims to facilitate customers at Nhava Sheva near Mumbai, home to Jawaharlal Nehru Port (J N Port). On December 21, the first double-stack container train from Khatuwas and Dadri in NCR reached CONCOR’s Gati Shakti Multimodal Cargo Terminal (GCT) at Varnama, situated along the Western Dedicated Freight Corridor (WDFC). The train carried export cargo destined for J N Port, according to a statement from the state..

Next Story
Infrastructure Transport

Less than 10% of Rs 40 Billion State-aid for Shipbuilding Utilised

A government-sanctioned financial assistance program worth Rs 40 billion, intended to support local shipbuilders over a decade starting in April 2016, has seen minimal utilisation, with only Rs 3.85 billion—less than 10 per cent of the total fund—disbursed thus far. With 15 months remaining before the scheme concludes, its uptake has been limited. The financial aid applies to shipbuilding contracts signed between April 1, 2016, and March 31, 2026. According to a written response provided by Union Minister of Ports, Shipping, and Waterways Sarbananda Sonowal to the Rajya Sabha on December ..

Next Story
Infrastructure Transport

Civil Aviation Minister Opens New ATC Tower at Indore Airport

The Minister for Civil Aviation, Ram Mohan Naidu Kinjarapu, inaugurated the new Air Traffic Control (ATC) Tower-cum-technical block at Devi Ahilyabai Holkar International Airport in Indore, Madhya Pradesh. During the inauguration, the minister toured the facility, where ATC experts explained various technical aspects of tracking and coordinating flights from the newly constructed tower. In addition to the ATC tower, the airport has also introduced a zero-waste plant. The union minister confirmed that this initiative aligns with the government’s commitment to sustainability. Minister Ki..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000